Kenora Rainy-River MPP and Minister of Energy, Northern Development and Mines, Greg Rickford has announced a $150,000 investment into local businesses and investors.
The funding will go towards connecting entrepreneurs in the area to investors across the province, through the Northern Ontario Angels organization. NOA has used the funding to hire consultants in the region to help local entrepreneurs find investors to launch innovative business ideas.
“Our investment will support business expansion, create jobs and bring more business dollars to northern communities,” said Minister Rickford, in a prepared statement. “Northern entrepreneurs have a reputation for developing world-class products and delivering innovative services. Northern Ontario Angels provides important support to help build on their success while sending a strong signal that Ontario is open for business”
“We thank the province for helping us facilitate an increasing number of connections between entrepreneurs and investors in Northern Ontario. Accessing the investment market can be challenging and today’s investment will strengthen businesses in Kenora, Timmins and the region,” said Mary Long Irwin, Executive Director of Northern Ontario Angels.
NOA also has consultants in Sudbury, Thunder Bay and Sault Ste. Marie.